Trillions of dollars in potential investments in the oil and gas industry could be jeopardized by “misguided” projections about so-called “peak demand” for energy and could end up putting the world’s energy security at risk, said Saudi Arabia Minister for Energy, Industry and Mineral Resources Khalid Al-Falih during Houston’s CERAWeek by IHS Markit 2017.

Reduced investment […]

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IHS Markit identifies Mexico’s Tampico-Misantla area as a potential “super basin” Onshore/shallow water area is “unexplored” and could hold 2.5 billion BOE in conventional resources Basin could contribute to offsetting Mexico’s declining production

Mexico’s Tampico-Misantla basin has been identified as a potential “global onshore super basin” in new research released by IHS Markit. […]

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PEMEX and the National Autonomous University of Mexico (UNAM) will reward oil and gas innovation with the creation of a prize covering the fields of physics, biology, chemical and health sciences, the state-owned oil company said this week.

The initiative “seeks to encourage Mexican students to undertake research to generate innovative solutions, permitting […]

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Global Oil Price Falls on OPEC Cut News


Global benchmark Brent crude was down 46 cents at US$56.24 on Monday as the market had already priced in reports that OPEC members delivered over 90 percent of their agreed production cuts last month.

Read more: www.reuters.com/article/us-global-oil-idUSKBN15S02M

 

 

US Increases Rig Count to […]

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